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Affordable Housing In Raton
Colfax County, New Mexico

3 Low Income Apartment Communities In Raton

Dona Anna Apartments

1450 State St
Raton, New Mexico

Operation Breakthrough

313 N 4th St
Raton, New Mexico

Sommerset Apts

1229 State Street
Raton, New Mexico
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Housing Authorities that serve Raton

Housing Authority Programs
Housing Authority of the City of Raton Public Housing
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Raton, New Mexico

There are 3 low income housing apartment communities offering 290 affordable apartments for rent in Raton, New Mexico.

Income Based Apartments in Raton, New Mexico

Raton features 192 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Raton, New Mexico

There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Raton.

Housing Choice Vouchers in Raton, New Mexico

On average, Section 8 Housing Choice vouchers pay Raton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Raton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Raton, New Mexico for a two-bedroom apartment is between $695 and $849.

2021 Raton, New Mexico Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Raton, New Mexico Fair Market Rent $583 $587 $772 $960 $1,092
Raton, New Mexico Payment Standard Range $525 to $641 $528 to $646 $695 to $849 $864 to $1,056 $983 to $1,201

Sourced from federal housing data and AffordableHousingOnline.com research.

Raton, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 290
Total Housing Units with Rental Assistance 192
Percentage of Housing Units Occupied By Renters 32.89%
Average Renter Household Size 2.10
Average Household Size 2.21
Median Household Income $30,803 ±$5,673
Median Rent $549 ±$68
Percentage Of Renters Overburdened 46.14% ± 13.02pp
Total Population 6,493

Population and Household Demographics

Raton is a city in Colfax County, New Mexico with a population of 6,493. There are 2,873 households in the city with an average household size of 2.21 persons. 32.89% of households in Raton are renters.

Income and Rent Overburden in Raton

The median gross income for households in Raton is $30,803 a year, or $2,567 a month. The median rent for the city is $549 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Raton, a household making less than $1,830 a month would be considered overburdened when renting an apartment at or above the median rent. 46.14% of households who rent are overburdened in Raton.

Area Median Income In Raton

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Raton, the AMI is calculated from all households within Colfax County.

In Raton, HUD calculates the Area Median Income for a family of four as $49,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Raton

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Raton

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Raton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,760 $17,240 $21,720 $26,200 $29,650 $31,850 $34,050 $36,250
50% AMI Income Limits
Renters earning up to 50% of the Raton AMI may qualify for rental assistance programs that target Very Low Income households.
$19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
80% AMI Income Limits
Renters earning up to 80% of the Raton AMI may qualify for rental assistance programs that target Low Income households.
$30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950